FedEx Co. (NYSE:FDX) Shares Sold by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC lowered its position in shares of FedEx Co. (NYSE:FDX) by 74.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 538 shares of the shipping service provider’s stock after selling 1,531 shares during the quarter. Atlas Capital Advisors LLC’s holdings in FedEx were worth $156,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FDX. Fortis Group Advisors LLC raised its position in shares of FedEx by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 50 shares during the period. Scarborough Advisors LLC acquired a new stake in shares of FedEx during the 4th quarter worth approximately $25,000. Financial Management Professionals Inc. raised its position in shares of FedEx by 143.2% during the 4th quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider’s stock worth $27,000 after purchasing an additional 63 shares during the period. Private Wealth Management Group LLC acquired a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of FedEx during the 4th quarter worth approximately $30,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FedEx

In other FedEx news, Chairman Frederick W. Smith sold 113,400 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total value of $31,105,620.00. Following the completion of the sale, the chairman now owns 14,505,844 shares of the company’s stock, valued at $3,978,953,009.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other FedEx news, EVP Tracy B. Brightman sold 2,550 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $275.69, for a total value of $703,009.50. Following the completion of the sale, the executive vice president now owns 6,294 shares of the company’s stock, valued at $1,735,192.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Frederick W. Smith sold 113,400 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total value of $31,105,620.00. Following the completion of the sale, the chairman now directly owns 14,505,844 shares of the company’s stock, valued at approximately $3,978,953,009.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,275 shares of company stock valued at $32,177,298. Insiders own 8.73% of the company’s stock.

FedEx Stock Performance

Shares of FDX stock opened at $296.19 on Thursday. FedEx Co. has a 1-year low of $224.69 and a 1-year high of $296.86. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $72.89 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 0.93 and a beta of 1.16. The stock’s fifty day simple moving average is $256.13 and its 200-day simple moving average is $255.72.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.34 by $0.07. The business had revenue of $22.11 billion for the quarter, compared to the consensus estimate of $22.04 billion. FedEx had a return on equity of 16.86% and a net margin of 4.94%. FedEx’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.94 earnings per share. On average, sell-side analysts predict that FedEx Co. will post 20.26 earnings per share for the current fiscal year.

FedEx declared that its board has authorized a stock repurchase program on Thursday, March 21st that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the shipping service provider to reacquire up to 7.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

FedEx Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 24th will be given a dividend of $1.38 per share. This is a boost from FedEx’s previous quarterly dividend of $1.26. The ex-dividend date is Monday, June 24th. This represents a $5.52 dividend on an annualized basis and a yield of 1.86%. FedEx’s dividend payout ratio (DPR) is presently 32.04%.

Wall Street Analysts Forecast Growth

FDX has been the topic of a number of research reports. Oppenheimer reiterated a “market perform” rating on shares of FedEx in a research report on Wednesday. Jefferies Financial Group raised their target price on FedEx from $265.00 to $300.00 and gave the company a “hold” rating in a research report on Friday, March 22nd. Evercore ISI lowered their target price on FedEx from $351.00 to $318.00 and set an “outperform” rating on the stock in a research report on Monday. Stifel Nicolaus restated a “buy” rating and issued a $327.00 target price (up from $303.00) on shares of FedEx in a research report on Wednesday. Finally, BNP Paribas restated an “underperform” rating and issued a $250.00 target price on shares of FedEx in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and an average price target of $313.09.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.